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Brazil's Vale to Invest $11 Billion in 2008 to Increase Production, an Industrial Info News Alert

Posted on: Monday, 24 March 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Brazilian mining giant Vale (NYSE:RIO), formerly known as CVRD, will invest $11 billion in 2008 as part of a plan that involves $59 billion in investments in the next five years to increase the company's production to meet market demand. The investment is Vale's largest annual investment.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process and energy related industries with products and services ranging from industry news, forecasting, plant and project databases, as well as multimedia advertising campaign assistance. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

 Contact:  Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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